Due to the poor economy, many Americans are foregoing their annual summer vacations or at least significantly cutting back. If you are on a budget, but still want to plan a good summer vacation, you should take three steps. They involve determining how much money you have available to spend, estimating the cost of your trip, and cutting corners when needed. Out of these three steps, estimating the cost of your summer vacation is the most important, but it can also be the most difficult. Continue reading on for a few helpful tips.
Estimate the cost of everything. Your goal is to plan a summer vacation you can afford. To do that, you must know how much you can expect to spend. Are you driving or flying? Honestly, it doesn’t matter. Estimate the cost of travel. Where do you intend to stay? Unless staying with friends and family, estimate the cost of a hotel or resort. You want to account for each dollar you are likely to spend. If you will buy souvenirs, estimate the cost of them. If you attend to pay for activities and attractions, estimate their costs. Since you need to eat, estimate the cost of food, snacks, and drinks.
Do more than just a general estimate; create a detailed one. For example, you may think “I can spend $50 to eat
on the first day of my trip.” This is good, but created a detailed list. Start with breakfast, lunch, snacks, and dinner. A good example is to plan to spend $5 for breakfast at a fast food establishment, $15 dollar for lunch at a casual restaurant, $5 for snacks a local convenience store, and $25 for dinner at a nice sit-down restaurant. This approach is best as it later allows you to cut corners. If your estimates have you going over your vacation budget, forgo the dinner at a fancy restaurant. Reduce the cost from $25 down to $12 by opting for a casual restaurant instead.
Use the internet to help you estimate the cost of your trip. As previously stated, you want to know how much you can expect to spend. This will help you determine if you can truly afford your dream vacation. It is easy to estimate the cost of air travel or hotels. Use the internet and request a free quote. As for attractions, activities, and food, use the internet as a guide. Visit a few websites for nearby restaurants and attractions. What are their average costs? Use them as a guide.
Overestimate. Using the internet makes it easier to estimate the cost of a summer vacation, but rarely are you 100% on. For that reason, always overestimate. If you come across a cute restaurant online that charges an average of $12 a meal, roundup to $15. This will help account for an unexpected price increase. Overestimating is better than underestimating. If you underestimate the cost of your trip, you may be left broke on the last two days. How will you eat now? With overestimating, the worst is you will have extra cash in your pocket. Splurge on a nice meal, buy a few extra souvenirs, or save the money.
Don’t forget about free things. The best way to save money on a summer vacation is to take advantage of anything that is free. For example, your hotel may have free donuts or bagels available for guests. A warm breakfast is nice, but why pass up something for free? At the very least, intend on eating breakfast at your hotel half of the trip. By doing so, you have no costs to estimate as it is free. Do the same with activities and attractions. Use the internet to research those with low or no admission fees.
As a recap, if you are vacationing with limited financial resources, create a budget. Determine much money you have to spend, estimate the cost of your vacation, and compare the two. If your dream vacation is too expensive based on your estimates, work on cutting costs.
Thursday, June 25, 2009
Wednesday, June 24, 2009
Hawaii foreclosures help your dream of living in Hawaii..
Dear Hawaii lovers and blog visitors,
Have you ever wondered what it would be like to live in Hawaii and whether it means 'Vacation forever'? I bet you did, and you are not alone. Most everybody who visited Hawaii once or twice or more times played with that idea. "What if we moved to Hawaii?"
The current real estate market in Hawaii seems to get you closer to fulfilling your dream of living in Hawaii by buying a home or a condo on the Hawaiian Islands at a cheap price you can afford. True or false?
Well, recently, on my daily perusing Hawaii tweets a tweet by @Starbulletin - or a retweet by a Hawaii twitter follower - got my attention. The tweet connected to an article by Honolulu Starbulletin published on June 13th about the ever growing number of foreclosures in Hawaii with the meaningful article title 'Realty investor Blues'. The Starbulletin article quotes some most recent Hawaii foreclosure numbers which are mind boggling but the numbers clearly reflect what is currently going on in Hawaii's real estate market.
There is no surprise that Hawaii with its larger percentage of second-home owners and investors compared to the rest of the nation jumped to #15 in May in foreclosures. 42% of foreclosures in Hawaii through the month of May were non-owner occupied properties. No surprise for me that Maui was having the lead with 50% of non-occupied foreclosures.
Naturally, this high number of foreclosures in Hawaii, a dream vacation or retirement location, triggers the interest of those who have a job and a steady income or enough cash money in searching for foreclosure deals in Hawaii. Just ask Google and type in the search for 'Hawaii Foreclosures' and the number of about 5million search results makes it clear that an entire new 'foreclosure industry' has developed in the Hawaii real estate market with realtors riding the wave of 'Hawaii foreclosures'.
On my personal search for putting this blog post together, I came across another interesting article regards the Hawaii Foreclosures published by Yahoo Finance News on June 11 which emphasized that "The islands now have the 15th highest foreclosure rate in the nation, at one in every 621 households. Local economists and foreclosure attorneys say Hawaii's foreclosure filings are growing as the recession leads to job and wage cuts. Declining property values are also making it harder for people to refinance their mortgages or sell their homes."
Coming back to our original question whether Hawaii foreclosures are getting you closer to becoming a homeowner in Hawaii and living in Hawaii. My personal lay person's humble opinion is that buying cheap foreclosure property in Hawaii looks easier than it is. Foreclosure properties will be auctioned off. The bank has a clear idea what they need to make to break even and where they want to start the bidding. In most cases, this is not the bottom price you have in mind.
Furthermore, mortgages for the average person are naturally harder to get these days. Also make sure that you have seen the home or the condo you are interested in buying as a foreclosure. Considering all pros and cons of a foreclosure purchase, it might be better to look for the real deal in a real estate market where the potential buyer has all the chances of negotiating the price he/she can afford instead of going 'treasure hunting' for a foreclosed property. This way you might be much closer to your dream of living in Hawaii. What's your opinion about Hawaii foreclosures? Mahalo, Pua Hawaii Vacations
p.s.
BTW, we won't publish comment ads by Hawaii foreclosure companies.
Have you ever wondered what it would be like to live in Hawaii and whether it means 'Vacation forever'? I bet you did, and you are not alone. Most everybody who visited Hawaii once or twice or more times played with that idea. "What if we moved to Hawaii?"
The current real estate market in Hawaii seems to get you closer to fulfilling your dream of living in Hawaii by buying a home or a condo on the Hawaiian Islands at a cheap price you can afford. True or false?
Well, recently, on my daily perusing Hawaii tweets a tweet by @Starbulletin - or a retweet by a Hawaii twitter follower - got my attention. The tweet connected to an article by Honolulu Starbulletin published on June 13th about the ever growing number of foreclosures in Hawaii with the meaningful article title 'Realty investor Blues'. The Starbulletin article quotes some most recent Hawaii foreclosure numbers which are mind boggling but the numbers clearly reflect what is currently going on in Hawaii's real estate market.
There is no surprise that Hawaii with its larger percentage of second-home owners and investors compared to the rest of the nation jumped to #15 in May in foreclosures. 42% of foreclosures in Hawaii through the month of May were non-owner occupied properties. No surprise for me that Maui was having the lead with 50% of non-occupied foreclosures.
Naturally, this high number of foreclosures in Hawaii, a dream vacation or retirement location, triggers the interest of those who have a job and a steady income or enough cash money in searching for foreclosure deals in Hawaii. Just ask Google and type in the search for 'Hawaii Foreclosures' and the number of about 5million search results makes it clear that an entire new 'foreclosure industry' has developed in the Hawaii real estate market with realtors riding the wave of 'Hawaii foreclosures'.
On my personal search for putting this blog post together, I came across another interesting article regards the Hawaii Foreclosures published by Yahoo Finance News on June 11 which emphasized that "The islands now have the 15th highest foreclosure rate in the nation, at one in every 621 households. Local economists and foreclosure attorneys say Hawaii's foreclosure filings are growing as the recession leads to job and wage cuts. Declining property values are also making it harder for people to refinance their mortgages or sell their homes."
Coming back to our original question whether Hawaii foreclosures are getting you closer to becoming a homeowner in Hawaii and living in Hawaii. My personal lay person's humble opinion is that buying cheap foreclosure property in Hawaii looks easier than it is. Foreclosure properties will be auctioned off. The bank has a clear idea what they need to make to break even and where they want to start the bidding. In most cases, this is not the bottom price you have in mind.
Furthermore, mortgages for the average person are naturally harder to get these days. Also make sure that you have seen the home or the condo you are interested in buying as a foreclosure. Considering all pros and cons of a foreclosure purchase, it might be better to look for the real deal in a real estate market where the potential buyer has all the chances of negotiating the price he/she can afford instead of going 'treasure hunting' for a foreclosed property. This way you might be much closer to your dream of living in Hawaii. What's your opinion about Hawaii foreclosures? Mahalo, Pua Hawaii Vacations
p.s.
BTW, we won't publish comment ads by Hawaii foreclosure companies.
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